bond-basics

Tax-Exempt Bonds

A Bond, the Interest on which is excludable from gross income for federal income tax purposes.

See Also

Bond

Evidence of the borrowing by an issuer and a debt instrument for tax purposes.

Tax

Compulsory charges levied by a governmental unit for the purpose of raising revenue. 

In Contrast To

Taxable Bond

A bond, the interest on which is not excludable from gross income for federal income tax purposes.

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Term of the Week

Securities Act of 1933

Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.